*RED ALERT* War with IRAN is now GUARANTEED! Proof inside! | |
Anonymous Coward (OP) User ID: 8299342 Canada 01/09/2012 11:51 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 8299342 Canada 01/09/2012 11:56 PM Report Abusive Post Report Copyright Violation | More on Petrodollar Recycling - [link to www.doesntevenmakesense.com] More on Iran dropping dollar for Rial and Ruble - [link to www.beaconequity.com] |
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Pace Maker User ID: 1541215 United States 01/10/2012 12:22 AM Report Abusive Post Report Copyright Violation | 5 stars op!! I absolutly agree Hang On Not Done Accelerating A well-regulated Militia being necessary to the security of a free State, the right of the people to keep and bear Arms shall not be infringed. (PLEASE Refrain from being a spelling NAZI) |
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Stu User ID: 3643288 United States 01/10/2012 12:22 AM Report Abusive Post Report Copyright Violation | oil and currencies are fungible oil can be bought in any currency - a nation need not hoard dollars to buy oil _____________________________________ Even the structure of the atom has been found by the mind. Therefore the mind is subtler than the atom. That which is behind the mind, namely the individual soul, is subtler than the mind. -Ramana |
Princess Dagmar User ID: 8493300 Canada 01/10/2012 12:23 AM Report Abusive Post Report Copyright Violation | You can count Russia in too then. Iran, Russia dump dollar for rial, ruble: [link to www.presstv.ir] The truth is the highest religion. |
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Anonymous Coward User ID: 1474203 United States 01/10/2012 12:45 AM Report Abusive Post Report Copyright Violation | Saddam nationalized Iraq"s oil fields. Now they are back under control and contract of US oil companies, funneling the proceeds through US-controlled Iraqi banks. Iran nationalized their oil fields, and neither their oil nor their banks are under US control--yet. |
Anonymous Coward (OP) User ID: 8299342 Canada 01/10/2012 12:55 AM Report Abusive Post Report Copyright Violation | Yep, they've already agreed to do their trading in their own currency. These are very tough blows for the US dollar, which relies on INTERNATIONAL demand to stop hyper inflation at home. The problem is that China and Russia aren't Ghaddafi and Saddam, you cannot just run in and topple them and steal their shit. So they cannot do anything about those countries making that decision, just gotta tough it out. Foreign demand for the dollar is another reason DRUGS WILL NEVER BE LEGALIZED, drug money has to be continually flowing out of the country to reduce the amount of dollars in the US. Many countries world wide don't even use their own currency, the locals all want dollars. This process of pushing money out of the country, is to make it seem like inflation isn't happening, when in actuality it is happening at an unprecedented rate. If the US dollar loses its reserve status, over night all the foreign US dollars begin migrating home which would absolutely flood the market and trigger hyperinflation. |
Anonymous Coward User ID: 8576672 Australia 01/10/2012 01:01 AM Report Abusive Post Report Copyright Violation | Channel 9 Australian news talking up the fact that it is the first time an American citizen will be sentenced to death in Iran and lightly covering the recent drills and nuclear program. Australian news does not cover the middle east much, let alone Iran. |
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Divet Digger User ID: 8578828 United States 01/10/2012 02:54 AM Report Abusive Post Report Copyright Violation | To understand the situation you all need to understand what Kissinger calls Petrodollar Recycling. I am going to give an extremely brief re-cap of it here, so you'll understand the importance of breaking news. Quoting: Don't fuck with the dolla 8299342 *1971* We lose the gold standard because the American Government had overspent to fight the Vietnam war, which forced countries like France to begin demanding payment in gold at the end of the 60's. Nixon feared that if he didn't remove the Gold Standard, foreign creditors could bankrupt the treasury, since they had over printed based on their reserves. *1974* OPEC announces exploratory plans to begin accepting a basket of currencies for oil, rather than just the US dollar. Kissinger sends treasury secretary William Simon to Saudi Arabia to convince them to abandon their plans and sway the rest of OPEC into doing the same. *1974-1978* During these four years inflation was bad in the US, as the loss of the gold standard meant the currency was being watered down. OPEC who was ONLY accepting US dollars felt they were being screwed because the dollar was continually being devalued. They again petitioned to begin trading oil in multiple currencies, especially the Yen and German Mark, because while the US currency was losing value, those currencies were appreciating in value. *1978* The Saudi's strike a final deal with American Treasury Secretary guaranteeing they will price their oil in Dollars in exchange for two things, first a higher rating at the IMF (they went from 38th to 8th), and a promise that the US dollar would soon increase in value. In exhange the Saudi's would then price the oil in dollars, as well as invest all their money into American debt Via the NY Fed. *1980* Gold hits 860$, which was a tiny $35 just a decade earlier, more than 2000% inflation in one decade. *1981* Interest rates are set to an unprecedented 20% and a period of rapid deflation (through contraction) sets in, dramatically increasing the value of the dollar (deflation), making good on the promise to the Saudis. WHY IS THIS IMPORTANT? Because after 1971, the dollar had no backing and to solve this issue they instead backed the dollar with BLACK GOLD. By ensuring that all oil on Earth was traded in the dollar, they ensured large consistent demand for the dollar OUTSIDE of the United States, meaning that those dollars wouldn't be flooding the American market, and wouldn't be causing runaway inflation. If we estimate the world uses 70,000,000 barrels of oil per day, and each barrel is sold for $100, that means we have $7,000,000,000 just in crude sales, this doesn't even count all the derivatives of oil, and other related industries that rely on the US dollar. Now because almost every country relies on imported oil (or imported refined products like gasoline, example, Iran) every nation on Earth MUST hold US dollars in their reserves so that they can purchase things on the market. In total, the world is holding roughly 10 trillion in International Reserves, 75% of which is the US dollar, the other 25% being other national currencies as well as Gold. This means that the nations of the world are holding roughly 7.5 trillion US dollars to facilitate their trades. If the US dollar loses its reserve currency, then it loses DEMAND, if it loses demand, then those dollar come flooding home unleashing rapid inflation. WAR WITH IRAN In 2000 Saddam announced that he was going to switch to the Euro for trading oil. This would have eliminated a large chunk of the demand for the US dollar that is relied upon to keep dollars OUT OF THE COUNTRY! We all know what happened to Saddam. Recently Ghaddafi announced he planned to abandon the US dollar for oil trading. We all know what happened to Saddam. JANUARY 2012 - IRAN ANNOUNCES IT WILL NO LONGER USE THE US DOLLAR FOR OIL! This absolutely CANNOT be allowed, and it GUARANTEES war with Iran. Very good research here. Very true. I get sad thinking about another war. We go from war to war. Just so sad. The world needs some peace and quiet for awhile. I wish that would happen. There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.--------- John Adams 1826 |
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